Sunday, July 12, 2009

Tax Refund Frequent Answer Part 2

Q: What's the difference between a P60, P45 and a CIS25?
A: A P60 is a statement of income and Tax to the end of the Tax Year. You will receive a P60 from your employer in April. A P45 is your Group Certificate received when you finish employment. A CIS25 is a unique Tax Form solely used in the construction industry.

Q: Can I only claim for one job if the others were only part time?
A: No you have to declare your entire earnings even if you only work a part time position. All income must be declared to the Inland Revenue.

Q: Can I claim for just one tax year if that’s all I want to claim?
A: Yes, but you will get more money if you claim for your entire work history in the UK.

Q. I won’t get my P45 from my last job until I have left the country can I still lodge my return?
A: Yes we can lodge the claim with the tax office and then forward them the P45 once we receive it.

Q. Can I lodge a tax claim on my friend’s behalf?
A: No you would not be able to sign the forms on his/her behalf. You can always collect the forms for him/her.

Q: How long will it take to receive my UK tax refund?
A: We will obtain your refund for you in the shortest time possible, typically 4 to 12 weeks. The processing time of the UK Tax Authorities varies depending on a number of factors, including the time of year the return is submitted. (If you do not have a permanent NI number or if you do not provide correct information it will take much more). By experience, it takes more time if we proceed for a refund with a statement of earnings as the tax office will double checked everything systematically.

post on Answer for when will my tax refund be mailed
by hassaidi

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